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All posts by Contributor
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Straight NoteA straight note is a promissory note for a loan whereby only interest payment is required for a period of time, and the full principal...
- Posted December 7, 2019
Agricultural LienAn agricultural lien is a statutory lien that has been placed on the corps belonging to a farm in exchange for...
- Posted December 5, 2019
MidriseA midrise refers to a building that is not too short or tall, and usually built to be between 4 to 7 levels.
The term is...
- Posted December 4, 2019
Age-Life DepreciationAge-life depreciation is a method of calculating depreciation of a property based on it’s economic life and and physical condition.
It is...
- Posted December 3, 2019
Attraction PrincipleThe attraction principle is a theory that commercial hubs have a strong pulling factor for people to work there, and for consumers to patronize.
This can...
- Posted December 2, 2019
ReinstatementReinstatement is a term used in real estate to refer to the restoring of a property back to a prior or original state.
This is sometime...
- Posted November 29, 2019
RevocationRevocation refers to the terminating, recalling, canceling or annulling a power of authority that has been conferred to a third party.
This essentially means that if...
- Posted November 27, 2019
Preventive MaintenancePreventive maintenance refers to the practice of keeping in good state so that costly major repairs would be avoided in future.
Maintenance expenses can often be...
- Posted November 25, 2019
Demising WallA demising wall is a wall constructed to separate two tenants within a space, or between a tenant’s space and the corridor.
Also known as a...
- Posted November 22, 2019
Common ElementsCommon elements refer to parts of a property (such as in a building) that are not individually owned by owners but are of indivisible interest...
- Posted November 21, 2019